The Procter & Gamble Company (NYSE:PG) Shares Sold by Fusion Capital LLC

Fusion Capital LLC trimmed its position in The Procter & Gamble Company (NYSE:PGFree Report) by 10.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,576 shares of the company’s stock after selling 193 shares during the period. Fusion Capital LLC’s holdings in Procter & Gamble were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PG. State Street Corp boosted its holdings in shares of Procter & Gamble by 0.8% during the 2nd quarter. State Street Corp now owns 103,104,467 shares of the company’s stock worth $15,645,072,000 after purchasing an additional 817,674 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Procter & Gamble by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock valued at $6,936,343,000 after buying an additional 510,559 shares during the period. Morgan Stanley raised its position in shares of Procter & Gamble by 12.6% during the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after buying an additional 4,959,527 shares during the period. Moneta Group Investment Advisors LLC raised its position in shares of Procter & Gamble by 96,526.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after buying an additional 38,495,676 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Procter & Gamble by 9.4% during the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after buying an additional 3,047,557 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Raymond James lifted their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group assumed coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target on the stock. UBS Group boosted their target price on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Stifel Nicolaus boosted their target price on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Finally, StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.41.

Check Out Our Latest Report on PG

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the transaction, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at $149,160.90. The disclosure for this sale can be found here. Insiders sold 279,063 shares of company stock worth $43,187,745 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $160.57 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $163.14. The company has a market cap of $377.82 billion, a P/E ratio of 26.90, a PEG ratio of 3.28 and a beta of 0.44. The firm has a fifty day moving average price of $159.25 and a 200 day moving average price of $152.32.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.48 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Procter & Gamble’s revenue for the quarter was up 3.2% on a year-over-year basis. Sell-side analysts predict that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were paid a $0.9407 dividend. The ex-dividend date was Thursday, January 18th. This represents a $3.76 annualized dividend and a yield of 2.34%. Procter & Gamble’s dividend payout ratio is presently 62.98%.

Procter & Gamble Company Profile

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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